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Microeconomics Practice Problem - The Impact of a Cost Increase on a Monopoly
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This video shows how to analyze the impact of an increase in marginal cost on the production decisions and profit for a monopolist. The problem is taken from Principles of Microeconomics by Dirk Mateer and Lee Coppock, and is Ch. 10 problem #10. See the "Practice Problems" playlist for an archive of daily practice problems.
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